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re: LSU a 16 point favorite.
Posted on 9/13/16 at 7:23 am to Barneyrb
Posted on 9/13/16 at 7:23 am to Barneyrb
quote:
Nope, when you make a wager your point spread is locked in at what you bet. What the line does after your wager does not affect you.
That's what I would hope and assume. If so, how does moving the line help the bookies?
LSU opens at -9, most of the money goes on LSU.
Line moves to 16, then most of the money goes on MSU.
Now, there's equal money on both teams, but most of the money on LSU is at -9 and most of the money on MSU is at +16. What happens if LSU wins by 13? Most of the bets on both sides are winners and the bookies lose money. If that's the case, how does moving the line to even the money guarantee the bookies to come out ahead?
2
Posted on 9/13/16 at 7:29 am to Nuts4LSU
quote:
how does moving the line help the bookies?
Bookies keep 10% no matter which way you bet. They are going to keep the "juice" no matter what and that is why they want balanced money on both sides. $1 on both teams and they are happy.
Posted on 9/13/16 at 9:13 am to Nuts4LSU
quote:
That's what I would hope and assume. If so, how does moving the line help the bookies?
LSU opens at -9, most of the money goes on LSU.
Line moves to 16, then most of the money goes on MSU.
Now, there's equal money on both teams, but most of the money on LSU is at -9 and most of the money on MSU is at +16. What happens if LSU wins by 13? Most of the bets on both sides are winners and the bookies lose money. If that's the case, how does moving the line to even the money guarantee the bookies to come out ahead?
Because as money starts coming in on the other side the line will go back down. I would look for it to be back around 9-10 by kickoff but that is only a guess.
Big spread jumps like this mean a huge pile of cash was going one way.
This is also the same reason marque teams with huge fan bases normally cover, the line is set low enough to attract an even amount of bets to the other side.
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